Daily News

The Asian Development Bank (ADB) has approved debt financing and partial risk guarantees worth $583 million to help Reliance of India develop a $1billion project in Bangladesh, consisting of an LNG import terminal near Kutubdia Island and adjacent gas power generation.

Published in Projects & Finance

Plans for another FRSU with 17 mtpa regas capacity and an onshore LNG terminal show the government of Bangladesh “is clearly in support to boost its LNG supply,” Wood Mackenzie comments. Already, private capital is being attracted to this sector with Summit Power, Reliance Power and Petronet looking to invest in these terminals.

Published in Markets

Reliance Power still faces uncertainty over the source of LNG supply for its 718-MW gas-fired power plant project in Bangladesh, and is awaiting a government decision on the matter. The Indian energy company is the first to build a power plant that will run on regasified LNG in neighbouring Bangladesh; but to operate the plant near full capacity Reliance needs around 110 million cubic feet per day (mmcf/d) of natural gas as fuel.

Published in Markets

The Cabinet of Bangladesh has given the green light to Reliance Power of India for building a 750-MW combined-cycle gas power plant at Meghnaghat, in the country’s central Narayanganj district. Running on imported LNG, all electricity produced by the power unti will be sold to the Bengali grid operator at an agreed price of $0.73/kWh. The unit is part of a wider LNG-to-power project with up to 3,000 MW, including an FSRU and power interconnectors to export part of the electricity to India.

Published in Markets

Limited available land to realise its proposed 3,000 MW combined-cycle gas power plant in Meghnaghat, Reliance Group will now develop a 750 MW plant instead and sell more electricity from Bangladesh to India. The smaller CCGT will be powered by regasified LNG sourced via an FSRU that it will set up at Moheshkhali.

Published in Markets

With natural gas being used to generate over 62% of Florida’s electricity needs, the US state is at risk of being over-reliant on this fuel source, the Union of Concerned Scientists warned. Florida Power & Light, however, called the study “incredibly flawed.”

Published in Markets

Two major Indian utilities, Reliance Power and Adani Power Ltd, have agreed to build plants In Bangladesh that will generate a total of 4,600 MW of electricity to ease the country's crippling power shortages. Reliance will spend $3 billion on a 2 mtpa FLNG terminal and a 3,000 MW gas-fired power plant under an accord with Sameer Gupta.

Published in Projects & Finance

The Ministry of Power has stepped back and left it to the India's Cabinet to decide if gas power stations can receive fuel based on an administered price mechanism (APM) under the new price-pooling scheme. Such a move could rekindle operation of idled plants run by Essar Power, Reliance Power, GMR Energy, GVK Power and Lanco Infratech.

Published in Regulation & Policy

The Indian government will decide by March whether it will hand over operation of the idled 1,967 MW Dabhol power plant to private parties. The gas-fired plant is currently managed by Ratnagiri Gas and Power (RGPPL), but it has been crippled by ongoing shortages in gas supply.

Published in Regulation & Policy

The power ministry of India has been forced to alter and adapt a proposal to pol prices of domestic and international gas after the oil ministry warned there is no additional output available from NELP fields until March 2017.

Published in Regulation & Policy
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News in Brief

ABB repowers Italian fashion supplier

Dec 12 – Italy’s Printing House of Martinengo, a major supplier to global fashion and couture brands, has partnered with ABB to upgrade with Ekip UP, digitizing its existing switchgear and circuit breakers. ABB Ekip UP is ideal for updating older facilities, capturing data and sharing it with cloud-based energy management functions without any other meter or external gateway required.

GE axes 12,000 jobs to realign business

Dec 11 – GE’s plans to axe 12,000 jobs globally highlights the struggles of the industry to shift the focus from heavy-duty gas turbine business towards the renewable segment. The $10 billion takeover of Alstom is now viewed by some analysts as a “bad bet on an old-school industry.”

GE breaks ground on 3D Campus in Lichtenfelds

Nov 8 – Concept Laser and GE have laid the foundation for a new 3D Campus that will unite research and development along with production, service, and logistics in Lichtenfels, Germany. The new offices, providing room for about 500 employees on 40,000 square meters, GE said, should be ready for move-in early 2019.

OPRA Turbines taken over by Dalian Energas

Nov 7 – OPRA Turbines has just disclosed that its entire shareholding has been taken over by China’s Dalian Energas Group since August. OPRA Turbines has been continuing its operation at their new headquarter in Hengelo as a member of Energas Group.

Adven to buy E.ON’s distributed energy business in Sweden

Nov 6 – Adven, a leading energy and water infrastructure and services provider in Finland, Sweden and Estonia, has agreed to acquire E.ON’s Swedish district heating and distributed energy solutions business (EVLE), which owns heating operations in nine municipalities in the south and centre of the county. The value of the transaction was not disclosed.

Reliance completes $1bn power project in Bangladesh

Dec 5 – Reliance Power has completed execution of agreements for Phase 1 of the power project in Bangladesh. Phase-1 consists of 750MW combined cycle gas power plant to be set up at Meghnaghat near Dhaka and 500 mmscfd LNG terminal at Kutudbia Island.

AWE hopes for higher offer after CERCG bid

Dec 4 – Australian Energy company AWE, shareholder in the Waitsia gas field off Western Australia, is playing the waiting game after it received an unsolicited, non-binding proposal from China Energy Reserve and Chemical Group (CERCG), proposing to acquire 100% of AWE’s shares at A$0.71 cash per share. However, the initial reaction of AWE’s has been that the takeover bid is seen as “not sufficiently attractive” to provide access for due diligence.

Distributed power market to top $103bn by 2022

Dec 1 – Driven by increasingly stringent mandates to reduce greenhouse gas emissions and rising electricity demand in remote regions, the market for distributed generation is forecast to grow at a rate of 11.48% annually. According to MarketsandMarkets projections, the sector will expand in revenue from $60.04 billion in 2017 to $103.38 billion by 2022. Key global players in this market segment are Siemens, GE, Schneider, Mitsubishi, Capstone and Doosan.

Simit V9.1 simulation for faster commissioning

Nov 30  – Siemens has released an upgrade to its Simit simulation platform for virtual commissioning and operator training. Version 9.1 can also be used in modular plants, speeding up actual commissioning by up to 60% and reducing unwanted standstill periods, particularly during plant conversion and migration processes.

Nigeria halts commissioning of 215-MW plant

Nov 29 – The Senate of Nigeria has stopped the scheduled commissioning of the 215 MW dual-fuel power plant in Kaduna state over a dispute between the power ministry and the plant’s gas supplier, Abuja-based Greenville LNG. The power ministry had unexpectedly changed the terms of its contract with its gas supplier, deciding to run the plant on diesel. Greenville LNG, meanwhile, insists that natural gas remains the cheapest fuel source for the $186 million Kaduna project. The plant was meant to be commissioned in January 2018, but construction works have already fallen three years behind schedule.

Gas OPEC condemns unilateral sanctions

Nov 28 – The Gas Exporting Countries Forum (GECF), also known as Gas OPEC, has condemned unilateral economic sanctions by the US against some members of the group, notably Russia, Iran and Venezuela. The GEFC condemned such sanctions that are not authorized by the United Nations “as a weapon against other nations.”

GE helps Saudi’s NDU drive digital industry

Nov 28 – The Saudi Arabia’s National Digitization Unit (NDU) has signed a Memorandum of Understanding (MoU) with GE to drive the country’s digital industrial diversification, leveraging GE’s digital applications and ServiceMax which allows field service engineers’ time to be utilized more efficiently. The partnership will focus on community- based digital solutions in sectors identified for transformation under Saudi Vision 2030.

ADNOC opens Habshan-5 gas processing plant

Nov 27 – ADNOC has inaugurated and commenced operation at its $6.85 billion Habshan-5 gas processing plant. Linked via a 215km pipeline to ADNOC’s offshore Umm Shaif gas field, the plant has four gas processing trains and four sulphur recovery units. Its daily production capacity is 12,000 tonnes of natural gas liquids, 1.1 billion of sales gas; 5,200 tonnes of liquid sulphur and 3,000 barrels of condensate.

Nigerian regulator extends Afam VI licence

Nov 24 – The Nigeria Electricity Regulatory Commission (NERC) has renewed the power generation licence for Shell’s 650-MW Afam VI power plant. Operated by the Shell Petroleum Development Company Joint Venture (SPDC JV), the combined-cycle gas power plant between 2008 and 2016 delivered over 24.16 million MWh to the Nigerian grid.

German gas power output up 13%

Nov 23 – Electricity output from German gas-fired power plants in the first nine months of 2017 totalled 62.23 TWh, a 13% rise compared with the same period last year, according to BDEW data. In September, the most recent month for which the BDEW data is available, gas power output dropped 1.5% on the year to 6.24 TWh which marks the second on-year drop in a row, the industry lobby group said.

SimoticsIQ connects MindSphere and open IoT systems

Nov 22 – With Simotics IQ, the new IoT-compatible drive concept from Siemens, the Simotics SD low-voltage motors are fitted with a compact sensor box which captures important operating and condition parameters and transmits them by WiFi to the cloud. The operating data can then be stored and analyzed by the Simotics IQ MindApp on MindSphere.

CT market worth $4.4bn by 2020

Nov 21 – The Coiled Turbine (CT) market, by service, is projected to grow at an annual rate of 6-7% from an estimated value of $3.2 billion in 2015 to around $4.4 billion by 2020. According to MarketsandMarkets analysis, North America accounted for nearly half of the total revenue in 2013, driven by demand in the ultra-deep CT service sector as shale gas drilling activities keeps expanding.